Crypto Markets See $439 Million in Liquidations Over 24 Hours, Long Positions Hit Hardest

According to Coinglass data cited by ChainCatcher, cryptocurrency markets recorded $439 million in liquidations over the past 24 hours, with long positions accounting for $307 million and short positions $132 million. Bitcoin longs were liquidated for $97.41 million, while Ethereum longs faced $81.65 million in liquidations.

A total of 106,743 traders were liquidated during this period, with the largest single liquidation occurring on Binance's BTCUSDT pair, worth $4.97 million.